1132 E 16th St

Investment Highlights

Rare purchase opportunity near downtown. The Near Northside/Monon/16th St Corridor is exploding with new development. Site could also work as apartment or townhome redevelopment. Great visibility and is located between two major investment development districts.

Executive Summary

Rare purchase opportunity on Indy's near north side. +/-1,536 sf freestanding building in hot 16th & Monon district available for sale or lease. Site is +/-11,299 sf and has over 100' of frontage on 16th Street. Building was formerly used as an automotive use, but could be perfect for retail or restaurant redevelopment. Site could also work as apartment or townhome redevelopment. Adjoining +/-1,836 sf parcel available from its owner. Build-to-suit possible for credit tenant.

• Sale Type    Owner User
• Sale Conditions    Lease Option Lease Option High Vacancy Property Redevelopment Project Lease Option
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    1,536
• Building Class    C
• Year Built    1940
• Price    495,000
• Price Per SF    322
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.14
• Land Acres    0.26 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.